Question

GST does not include all the excise duty carrying goods. Find the non - GST commodities out of the following particulars.

i. High-speed diesel

ii. Aviation Turbine Fuel (ATF)

iii. Petroleum crude

iv. Motor spirit or petrol

Choose the right answer given below:

1. i, ii and iii
2. ii, iii 
3. ii, iii and iv
4. All the above

Answer 1

Correct Answer - Option 4 : All the above

The correct answer is All the above.

• Certain products and services like petroleum products, high-speed diesel, motor spirit, natural gas, aviation turbine fuel, and alcoholic liquor for human consumption do not come under GST.
• These products and services are taxed by the individual State Governments, as per their tax policies.

• GST is an indirect tax in India that is levied on the sale of goods and services in the country.
  • It is collected at the point of consumption and not at the point of origin.
  • It follows a multi-stage collection mechanism.
  • In this, tax is collected at every stage and the credit of tax paid at the previous stage is available as a set off at the next stage of the transaction.
• There are various types of GST:
  • CGST: Central GST
  • SGST: State GST
  • IGST: Integrated GST
• Goods & Services Tax Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax.
• The GST Council is chaired by the Union Finance Minister.
• The GST Council meets from time to time to revise the GST rates for various products.
• India currently has four primary GST rates of 5%, 12%, 18%, and 28%.
• The GST rate is 12% for computers and 28% for aerated drinks.
• Though edible items like sugar, tea, and coffee are included in the 5% slab, milk does not attract any tax under the new GST regime.
• As per Article 279A (1) of the amended Constitution, the GST Council has to be constituted by the President within 60 days of the commencement of Article 279A. 
• This Act is also called the Constitution (One Hundred and First Amendment) Act, 2016.